Posted on 4/28/2017 7:32 AM By Dan McDonough
To have long-term success in the construction business, a company needs to ride the ups and the downs and navigate the surprises that present themselves on an all-too-regular basis. The business cycle can be “feast or famine,” and neither is good. So how does one stay financially prepared for every bump in the road?
Posted on 4/28/2017 7:24 AM By Gary Brooks
Time is money in the construction business. Any equipment downtime can be troublesome and costly. Plus, projects can take a serious hit for each day that a revenue-generating piece of machinery is out of service waiting for a replacement part.
As such, construction equipment manufacturers must find new ways to optimize their businesses and avoid downtime, especially as competition grows from third-party parts vendors such as Amazon. After-sales service (i.e., the service delivered
after the initial sale of a new product) is often viewed as a margin and revenue opportunity, but having a well-oiled after-sales service operation—especially for heavy equipment manufacturers—can have a real impact on productivity and be a differentiator for brands and dealers in the space.
Posted on 3/6/2017 6:49 PM By Jason Keen
Heavy highway construction is equipment intensive, and along with that comes the use of a lot of fuel. Considering fuel’s variable and high cost, it’s logical to track it closely, yet many heavy highway companies fail to do so. Is a specific loader using more fuel than it should? Is an employee filling up his personal car as he leaves the yard at the end of the day? Proper fuel tracking can answer these questions and many more.
Posted on 3/6/2017 5:46 PM By Anamika Kumari
The third week of 2017 was busy for shareholders in the heavy construction equipment industry, with financial institutions and asset management groups cutting down their stakes in the shares of leading manufacturing companies. Despite the rollercoaster ride, Wall Street expects some attractive profit figures by the end of the last quarter of the 2016-2017 financial year. The optimism is tied to the profit tracking of financial releases for the prominent vendors in the industry.
Posted on 3/6/2017 1:43 PM By Vernon Tirey
Equipment is the backbone of business across industries—imagine a moving company without a truck, a bakery without an oven or a demolition contractor without a bulldozer—but purchasing equipment out of pocket is expensive. The significant upfront cost of a dump truck, HVAC or security system, or commercial refrigeration unit can have a severe, negative effect on cash flow, particularly for companies in early growth stages or those looking to expand.
Posted on 1/23/2017 7:33 AM By Tim Murphy
Frequently, purchasing rigging equipment is left to the last minute, either because it is an afterthought or because it is unclear what specifications the rigging requires for the job. To help make construction professionals more competitive, proactive rigging suppliers are offering a more responsive purchasing model.
Posted on 11/16/2016 7:06 AM By Joseph Truini
The latest generation of rotary tools has the speed, power and features to go from the workshop to the jobsite. Rotary tools accept dozens of different accessories for working virtually any building material, including wood, drywall, metal, plastic, tile, glass and stone, to name a few. These compact tools are ideal for use in extremely tight spaces and cramped quarters.
Posted on 8/24/2016 12:11 PM By Lauren Pinch
In the following Q&A Travelers offers insight on recruiting qualified commercial drivers and integrating them into a company’s safety culture, as well as the impact of telematics on construction fleets and the insurance products needed to limit financial liability.
Posted on 8/24/2016 10:43 AM By Christian Burger and Todd Ellsworth
With the promise of IoT, mobile, cloud and other emerging technologies, contracting companies cannot slow their pursuit of technology. In fact, construction companies are going to be faced with more options, greater demand, increased complexity and higher costs.
Posted on 7/7/2016 7:03 PM By Joanna Masterson
Construction equipment manufacturers are at the ready with a fleet of technology-rich machines that will revolutionize how contractors work.
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